Do you know about - Living in the Philippines - Best "Passive" Businesses to Start
State Farm Quotes! Again, for I know. Ready to share new things that are useful. You and your friends.For those Ofw's and foreigners wishing to start a business, but not wishing to involve themselves with the stress of a firm attractive day-to-day operations, employees, landlords, inventory, and so forth, there are several available opportunities for foreigners living in the Philippines. Buy fixer upper properties, heighten them, then rent or sell them.
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1. Buy Fixer Upper Properties, heighten Them, Then Rent or Sell Them. This is a great firm for those of you who have taste in your home country in buying, fixing up and renting or selling properties. Over the past 10 years, a lot of citizen got complex in this kind of firm in their homeland.
With the thorough economic problems in the world the past consolidate of years, the Philippines has not been immune, and there are a lot of properties in a state of disrepair, as well as lot of distressed and foreclosed properties.
2. Build An Apartelle. An Apartelle is an apartment building where all but one of the units are rented out long term, and you are left to operate on a nightly or weekly basis, like a hotel - hence the combined name of apartelle. These are base in the Philippines.
This firm will require a heavier capital investment, yet with the right asset and by focusing in the more rural areas or smaller cities, you can originate a small 4 unit apartment building for Peso 3,000,000 - not counting cost of the land.
You would want to rent out 3 units on a long term rental basis, and keep one for short term rentals - for the many traveling salesmen that frequent the countryside. They like booking into such short term apartelle units rather than the much more expensive hotels in the area.
3. Condotels. I have not given this firm my "thumbs up" in all instances. Condotels have been heavily touted and promoted the past several years and there have been many, many new condominiums built in Manila, and now even in Cebu and beginning in Davao.
The question is that although the developers offer great down payment terms (usually colse to 30% down financed over 3 years) and in some cases carry back the mortgage and finance for perhaps 10 years, the interest rates are incredibly high, and the split of rentals with the supervision team runs colse to 50%/50%. There is also always a nominal monthly maintenance fee.
What looks like "cheap" entry point and cash flow out each month, in many cases simply becomes a bet on long term asset appreciation - finding someone willing to pay you more for it than you paid for it.
This is because with all the account on hand, there is a surplus of condos which have been into hotel type rental pools, but not adequate visitors to rent them all.
Consequently, what an investor notion would be a good inescapable cash cow, turns out to be a continuous negative cash flow - not what a new retiree to the Philippines is finding for to supplement his pension or annuity! This type venture will only drain you pension.
However, having written all this, I Have Found the past several month two exceptional condotel investments which Do meet my criteria of creating good ongoing rental income.
4. Farming. The likely cessation of the Agrarian Land Reform schedule (Carp) will give the rural sector renewed trust to invest in agricultural yield capacity. Carp has held back venture in both yield capacity as well as farm acquisition. An end to Carp will mean higher land prices since land will be valued for its higher income producing potential.
However, higher land prices are simply a "serendipity", an added value, to the type of farming firm I am writing about. I have found an extremely unique firm opportunity, which will originate a great Roi (return on investment) and is completely passive. It has been structured by the developers (all foreigners) to be a one turnkey venture price. The price includes cost of the land, plus all
Clearing, planting, cultivation and harvesting for the first 5 years.
The firm has been priced to fit the capital venture allocation of the mean foreigner retiree, and all landowners will be members of a cooperative which will share the farming equipment (tractors, equipment shed, and others). The farm will be "farmed" by the developer's supervision team
The hottest trend now is in organic farming, and yet it is only in its infancy stage in the Philippines. There is one export goods in single which has caught my attentiveness - the pili nut. The Philippines is the Only country with which produces and processes this nut in commercial quantity.
The current status of the pili is equivalent to that of the macadamia some 30 years ago. It has huge inherent to originate into a major industry. They are in question not only in Hong Kong and Taiwan but also in Singapore, Korea and Austria.
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